Marketplace AM for July 20, 2007

From this Episode

Dieter von Holtzbrinck stepped down from his position on the Dow Jones board after it voted to endorse the sale of the company to Rupert Murdoch. But not everyone thinks Murdoch will send the Journal off course, Stephen Beard reports.

Congress is taking a closer look at Google's plan to buy DoubleClick. The $3.1 billion deal announced in April is awaiting approval from the FTC, but first it'll have to endure an investigation and hearings on Capitol Hill. Jeremy Hobson reports.

More bad news for subprime mortgage investors over the last 24 hours: Bernanke says losses could hit $100 billion and a new report estimates mortgage defaults will keep rising and eating into profits until at least the end of '08. Ashley Milne-Tyte reports.

The EPA's new list of Energy Star-compliant computers comes out today, and PC makers have even set their sights on far exceeding the federal standards. Good news for the environment, not to mention all the money we'll save, Helen Palmer reports.

A Virginia judge today will hear from parents before sentencing three execs responsible for mis-marketing prescription painkiller OxyContin. The parents say their children are addicted to heroin because of it. Monica Brady-Myerov reports.

The final Harry Potter book due out tomorrow has already set sales records, but JK Rowling's boy wizard has also given rise to a new genre of music: wizard rock. Rachel Dornhelm has the story behind the bands.

As Barry Bonds inches closer to Hank Aaron's career home runs record, we're not seeing the type of fanfare that would usually accompany such a feat, points out Diana Nyad, because advertisers don't want to risk being associated with the S-word.

Citigroup has had a very good run this quarter. The nation's biggest bank says growth is up 18 percent. The record revenues were bolstered by international growth, while its consumer business was down. Janet Babin reports.